Academics challenge STS proposals with demand for 20% risk retention

A group of academics has written to the European Parliament to challenge the revival of Europe's securitisation market. The open letter demands that risk retention requirements should be increased to 20% - although the reason for arriving at this seemingly arbitrary figure is not explained

TAGS: Regulation Risk retention

Comment by: Anonymous. Posted 7 years ago [2016-05-27 16:55:03]

Always interesting to see a battle between academics and politicians/regulators. Observers would like to see both sides lose. The academics have a few points right but - as always - don't get the bigger picture which is the most important part. Here's a tip for academics. If you don't like a proposal, give your reasons and then suggest that politicians kill the idea. Don't ask "to initiate a thorough, independent impact assessment that addresses the sort of concerns we have raised here." Nobody will even read that entire sentence.